The Versailles bargain reopens the Strait of Hormuz
On 17 June, Trump signed a memorandum of understanding with Iran at Versailles, Pakistan mediating and Pezeshkian signing remotely. It extends April's ceasefire by 60 days, reopens Hormuz to toll-free passage, lifts the US naval blockade, waives sanctions, and pledges 300 billion dollars in reconstruction. Every hard question, from uranium enrichment to Iran's proxy network and a permanent nuclear regime, is deferred to talks that have already slipped.
